Business
‘Unsustainable path’: BP forecasts falling fossil-fuel demand – The New Daily
Oil and gas giant BP has cast doubt on the future of the global fossil fuel industry as changing customer preferences and policies take hold.
Oil and gas giant BP has cast doubt on the future of the global fossil fuel industry and forecast global oil demand to decline from 2020 onwards.
In its 2020 Energy Outlook report, the company warns that changing government policy and shifting consumer preferences will erode oil and gas share of overall energy generation.
The findings come as the 111-year-old business sets out to reimagine the oil and gas industry and become a net-zero emitter by 2050.
The world is on an unsustainable path a…
-
General13 hours agoQantas terminal at Melbourne Airport evacuated and flights delayed due to fire
-
General18 hours agoCone of Silence. Is secret Aussie spy in Rex Patrick case a man or a woman?
-
Noosa News22 hours agoJane Edmanson hangs up her Gardening Australia hat, reflects on labour of love behind show’s success
-
Business17 hours agoWhy this ASX 200 tech stock could rise 20%